Poland Will Sell Carbon Permits From Double-Counting Reserve

March 7 (Bloomberg) -- Poland hired Warsaw Stock Exchange
to sell European Union carbon allowances on that were set aside
to prevent double-counting of emission reductions.

The auction will be held on April 2, according to an e-mailed statement from bourse.

The 210,417 metric tons of permits are from a reserve set
up because the nation cuts greenhouse gases through Joint
Implementation projects overseen by the United Nations,
according to a March 2 statement by the Polish emissions agency.

For each JI credit created, an EU allowance from the
reserve is canceled, according to the bloc’s rules. The reserve
was set up before nations knew the number of credits that would
be created in the five years through 2012.